hi Guys
My take on the results.
* Net profit of $155 million was higher than consensus
* in the short term, it seems organic growth is limited to single digits without new products and entering new markets.
* if DB is right about his view of the short term delay in having babies due to Covid in China, then A2 will be in a great position to capitalise on this in 12 months time.
*DB made some other cryptic comments regarding new projects, alliances, products especially regarding an additional SAMR license. Hence, I am not that disappointed about the no capital return announcement conditional that in the next 6 months or so, we can see a new earnings accretive acquisition/ alliance that bolts on another business to the Group. This money provides the flexibility to achieve this outcome.
I would have thought the weak outlook was already factored into the share price when it was $7 back in February.
hi Guys My take on the results.* Net profit of $155 million was...
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